Published , by Asif Khan
Published , by Asif Khan
GameStop CEO Ryan Cohen has been on a tour promoting the company's proposed $56 billion eBay acquisition. Like most vocal billionaires, the executive has taken to Twitter today with a criticism of eBay's lack of insider buying in the stock. Cohen has also participated in several interviews over the past few days in an effort to explain the rationale behind the eBay acquisition.
Making matters even weirder, Cohen is listing things for auction "on eBay to pay for eBay." The CEO has listed GameStop signs for sale at $11,399 starting prices, a PSA-graded Donald Trump trading card, and a $5000 Halo 2 Master Chief Statue among other unhinged things.
Cohen's eBay listings is not the only contentious action from the executive. During an interview with TBPN, Cohen said that he thinks he could run eBay out of his house, the website's design hasn't been updated in decades, and that he could turn the potential combined entity into a viable Amazon competitor.
At the center of Cohen's proposed eBay acquisition is the executive's opinion that he could operate the ecommerce auction platform better than the existing management team. While eBay has not publicly rejected GameStop's offer, it seems that Cohen's tone has shifted. In an extra dose of pettiness, Cohen is including a letter to eBay's board with each listing.
Keep it locked on Shacknews for all the GameStop news as it breaks.
This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.
Full Disclosure:
At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:
Long GameStop via GME shares